Scenario III - Special/Trust Fund Rescissions

Unavailable Receipt TAFS Appropriates to Expenditure TAFS 

Appropriation Rescinded **and** Returned to Associated Special/Trust Receipt Account

**This scenario addresses rescissions in special or trust expenditure accounts that are funded by unavailable receipt accounts when there is no cancellation of funds.  In this situation, rescinded amounts are returned to the associated special or trust receipt TAFS.  This scenario differs from Scenario I because the funds return to the special or trust receipt TAFS whereas in Scenario I the receipts are returned to a general fund miscellaneous receipt account.  It differs from the Scenario II series because the Scenario II series addresses expenditure accounts funded by available receipt accounts in which fund balance is not affected.**

**YEAR 1**

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

1. **To record exchange revenue from the public. No entry to the expenditure account since funds are not appropriated from the unavailable receipt account.**

# Budgetary

No entry.

# Budgetary

No entry.

# Proprietary

1010 Fund Balance with Treasury

5900Other Revenue

10,000

10,000

# Proprietary

No entry.

2. **To record appropriation from the unavailable receipt account to the expenditure account.  These funds are warranted to the expenditure account. (TC A183 and TC A184)**

# Budgetary

No entry.

Budgetary

4114 Appropriated Trust or Special Fund Receipts4450 Unapportioned Authority

6,000

6,000

# Proprietary

5745 FXX Appropriated Earmarked Receipts Transferred Out

1010 Fund Balance with Treasury

6,000

6,000

# Proprietary

1010 Fund Balance with Treasury

5740 FXX Appropriated Earmarked Receipts Transferred In

6,000

6,000

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

3. **To record a rescission in the expenditure account and to return the rescinded amount to the unavailable receipt account since there is no cancellation.  The Treasury  transaction is a negative warrant.  (TC A132)**

# Budgetary

No entry.

# Budgetary

4450 Unapportioned Authority

4392 Rescission – New Budget Authority

500

500

# Proprietary

1010 Fund Balance with Treasury

574 0 FXX Appropriated Earmarked Receipts Transferred In

500

500

# Proprietary

5745 FXX Appropriated Earmarked Receipts Transferred Out

1010 Fund Balance with Treasury

500

500

**PRECLOSING ADJUSTED TRIAL BALANCE YEAR 1**

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

# Budgetary

No entry.

# Budgetary

4114 Appropriated Trust or Special Fund Receipts 

4392 Rescission – New Budget Authority

4450 Unapportioned Authority

6,000

       0

6,000

500

5,500

6,000

# Proprietary

1010 Fund Balance with Treasury

5740 FXX Approp Earmarked Rec Transferred In

5745 FXX Approp Earmarked Rec Trans Out

5900 Other Revenue 

4,500

 6,000

        0

10,500

500

10,000

10,500

# Proprietary

1010 Fund Balance with Treasury

5740 FXX Appropriated Earmarked Receipts Transferred In

5745 FXX Appropriated Earmarked Receipts Trans Out

5,500

    500

6,000

6,000

       0

6,000

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

4. **Closing Entries.  To record consolidation of actual net-funded resources and to close revenue, expense and other financing source accounts to cumulative results of operations.  (TC F204 and F228)**

# Budgetary

No entry.

# Budgetary

4201 Total Actual Resources Collected

4392 Rescission – New Budget Authority

4114 Appropriated Trust or Special Fund Receipts

5,500

500

6,000

# Proprietary

5900 Other Revenue

5740 FXX Appropriated Earmarked Rec  Trans In

3310 Cumulative Results of Ops 

5745 FXX Approp Earmkd Recs Trans Out

10,000

     500

 4,500

 6,000

# Proprietary

5740 FXX Appropriated Earmarked Receipts Transferred In

3310 Cumulative Results of Operations

5745 FXX Appropriated Earmarked Recs Trans Out

6,000

5,500

500

**POST-CLOSING TRIAL BALANCE YEAR 1**

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

# Budgetary

No entry.

# Budgetary

4201 Total Actual Resources

4450 Unapportioned Authority

5,500

       0

5,500

5,500

5,500

# Proprietary

1010 Fund Balance with Treasury

3310 Cumulative Results of Ops

4,500

       0

4,500

4,500

4,500

# Proprietary

1010 Fund Balance with Treasury

3310 Cumulative Results of Operations

5,500

       0

5,500

5,500

5,500

**SF-2108 YEAR 1ReceiptExpenditure**

**Column 5**1010n/a5,500

**Column 11**4450n/a5,500

**Columns 4+5+6+7+8-9-10 = Column 11**

**Expenditure Account:  0+5,500+0+0+0-0-0 = 5,500**

**SF 133 Report on Budget Execution and Budgetary ResourcesYEAR 1**

**Line 1**Budget authority

**Line 1A**Appropriations 4114E****6,000****

**Line 1D**Net transfers****        0

**Total Line 1**6,000

**Line 6B**Enacted rescissions (-) 4392E  (500)

**Line 6E**Pursuant to Public Law****

**Line 7**Total budgetary resources5,500

**Line 10**Unobligated balance not available 4450E   5,500

**Line 11**Total status of budgetary resources5,500

**Schedule N Unavailable Collections YEAR 1**

0199 Balance, start of year0From prior year Schedule N, Line 0799

02XX Receipts10,000From Schedule R

0400 Total: balances & collections10,000SUM

05XX Appropriations (-) (6,000)From Sch P, this scenario lines 4020/6020

0610 Unobligated balancesUse if rescinded & cancelled - do not use in 

 returned to receiptsscenario

0620 Reduction pursuant to Public Law     500Schedule P rescission and reduction lines

0799 Balance, end of year  4,500.

**Schedule P Program and Financing YEAR 1**

2200        New budget authority (gross)5,500

2395Total new obligations       0

4020/6020 Appropriation (special fund) (4114E)6,000

4035/6035 Appropriation rescinded (-) (4392E)  (500)

4300/6250 Appropriation, total5,500

**Form and Content Balance SheetReceiptExpenditureTotal**

Assets 

Intragovernmental

1,  Fund balance with Treasury (1010E)4,5005,50010,000

15. Total assets4,5005,50010,000

Net Position

30. Cumulative results of operations (3310E)4,5005,50010,000

31.  Total net position4,5005,50010,000

32. Total liabilities and net position4,5005,50010,000

**Form and Content Statement of Net Cost YEAR 1ReceiptExpenditureTotal**

Program Costs

1. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (5900E)10,000010,000

6.   Net costs with the public(10,000)0(10,000)

7.   Total net cost(10,000)010,000)

10.  Net Cost of Operations(10,000)0(10,000)

**Form and Content Statement of Changes in Net PositionReceipt YEAR 1**

**Receipt      Expenditure         Total**

**CumResUnexApCumResUnexApCumResUnexAp**

Budgetary Financing Sources:

 8.  Nonexchange revenue 

10. Transfers-in/out w/out reimburs

(5740E, 5745E) (5,500)       0   5,5000           0      0

16. Total Financing Sources(5,500)0   5,5000           0      0 

17. Net Cost of Operations         (10,000)0          00  (10,000)      0  

18. Ending Balances  4,5000   5,5000    10,000             0 

**Form and Content Statement of Financing YEAR 1ReceiptExpendTotal**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred000

3.Obligations net of offsetting collections & recoveries (1-2)000

4. Less: Offsetting receipts (5900E)  10,0000 10,000

5. Net Obligations(3-4)( 10,000)0(10,000)

11. Total resources used to finance activities (10,000)0(10,000)

18. Total resources used to finance the net

Cost of operations(11-17)(10,000)0(10,000)

30. Net Cost of Operations (18+29)(10,000)0(10,000)

**YEAR 2**

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

1. **To record exchange revenue from the public. No entry to the expenditure account since funds not appropriated from the unavailable receipt account.**

# Budgetary

No entry.

# Budgetary

No entry.

# Proprietary

1010 Fund Balance with Treasury

5900Other Revenue

6,000

6,000

# Proprietary

No entry.

2. **To record appropriation from the unavailable receipt account to the expenditure account.  These funds are warranted to the expenditure account. (TC183 and TC184)**

# Budgetary

No entry.

Budgetary

4114 Appropriated Trust or Special Fund Receipts4450 Unapportioned Authority

2,000

2,000

# Proprietary

5745 FXX Appropriated Earmarked Receipts Transferred Out

1010 Fund Balance with Treasury

2,000

2,000

# Proprietary

1010 Fund Balance with Treasury

5740 FXX Appropriated Earmarked Receipts Transferred In

2,000

2,000

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

3. **To record rescission in the expenditure account and return the amount to the unavailable receipt account since there is no cancellation.  The Treasury transaction is recorded as a negative warrant.  (TC A132)**

# Budgetary

No entry.

# Budgetary

4450 Unapportioned Authority

4392 Rescission – New Budget Authority

200

200

# Proprietary

1010 Fund Balance with Treasury

574 0 FXX Appropriated Earmarked Receipts Transferred In

200

200

# Proprietary

5745 FXX Appropriated Earmarked Receipets Transferred Out

1010 Fund Balance with Treasury

200

200

**PRECLOSING ADJUSTED TRIAL BALANCE YEAR 2**

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

# Budgetary

No entry.

# Budgetary

4114 Appropriated Trust or Special Fund Receipts 

4201 Total Actual Resources

4392 Rescission – New Budget Authority

4450 Unapportioned Authority

2,000

5,500

       0

7,500

200

7,300

7,500

# Proprietary

1010 Fund Balance with Treasury

3310 Cumulative Results of Operations

5740 FXX Approp Earmarked Rec Transferred In

5745 FXX Approp Earmarked Rec Trans Out

5900 Other Revenue 

8,700

 2,000

        0

10,700

4,500

200

6,000

10,700

# Proprietary

1010 Fund Balance with Treasury

3310 Cumulative Results of Operations

5740 FXX Appropriated Earmarked Receipts Transferred In

5745 FXX Appropriated Earmarked Receipts Trans Out

7,300

    200

7,500

5,500

2,000

      0

7,500

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

4. **Closing Entries.  To record consolidation of actual net-funded resources and to close revenue, expense and other financing source accounts to cumulative results of operations.  (TC F204 and F228)**

# Budgetary

No entry.

# Budgetary

4201 Total Actual Resources Collected

4392 Rescission – New Budget Authority

4114 Appropriated Trust or Special Fund Receipts

1,800

200

2,000

# Proprietary

5900 Other Revenue

5740 FXX Appropriated Earmarked Rec  Trans In

3310 Cumulative Results of Ops 

5745 FXX Approp Earmkd Recs Trans Out

6,000

    200

 4,200

 2,000

# Proprietary

5740 FXX Appropriated Earmarked Receipts Transferred In

3310 Cumulative Results of Operations

5745 FXX Appropriated Earmarked Recs Trans Out

2,000

1,800

200

**POST-CLOSING TRIAL BALANCE  YEAR 2**

**Unavailable Special or Trust Receipt AccountSpecial or Trust Expenditure Account**

# Budgetary

No entry.

# Budgetary

4201 Total Actual Resources

4450 Unapportioned Authority

7,300

       0

7,300

7,300

7,300

# Proprietary

1010 Fund Balance with Treasury

3310 Cumulative Results of Ops

8,700

       0

8,700

8,700

8,700

# Proprietary

1010 Fund Balance with Treasury

3310 Cumulative Results of Operations

7,300

       0

7,300

7,300

7,300

**SF-2108 YEAR 2ReceiptExpenditure**

**Column 5**1010n/a7,300

**Column 11**4450n/a7,300

**Columns 4+5+6+7+8-9-10 = Column 11**

**Expenditure Account:  0+7,300+0+0+0-0-0 = 7,300**

**SF 133 Report on Budget Execution and Budgetary Resources YEAR 2**

**Line 1**Budget authority

**Line 1A**  Appropriations 4114E2,000       

**Line 1D**Net transfers        0

**Total Line 1**2,000

**Line 2**Unobligated balance

**Line 2A**Brought forward 4201B5,500

**Line 6B**Enacted rescissions 4392E (200)

**Line 6E**Pursuant to Public Law

**Line 7**Total budgetary resources7,300

**Line 10**Unobligated balance not available 4450E    7,300

**Line 11**Total status of budgetary resources7,300

**Schedule N Unavailable Collections YEAR 2**

0199 Balance, Start of Year  4,500From prior year Schedule N, Line 0799

02XX Receipts  6,000From Schedule R

0400 Total: Balances & Collections10,500SUM

05XX Appropriations (-) (2,000)From Sch P, this scenario lines 6026 & 6045

0610 Unobligated balancesUse if rescinded & cancelled - do not use in 

 returned to receiptsscenario

0620 Reduction pursuant to Public Law     200Schedule P rescission and reduction lines

0799 Balance, end of year  8,700.

**Schedule P Program and Financing YEAR 2**

2195Total unob bal carried fwd, soy (+) (4201B)5,500

2200        New budget authority (gross)1,800

2390Total budgetary resources avail for obligation7,300

2395Total new obligations       0

4020/6020 Appropriation (special fund) (4114E)2,000

4035/6035 Appropriation rescinded (-) (4392E)  (200)

4300/6250 Appropriation, total1,800

7000 Total new budget authority (gross)1,800

7240 Obligated balance, soy          0

7310 Total new obligations (+) (line 1000)          0

7440 Obligated balance, eoy          0

8700 Total outlays (gross)         0

8900 Budget authority (net)7,300

9000 Outlays (net)          0

**Form and Content Balance Sheet YEAR 2ReceiptExpenditureTotal**

Assets 

Intragovernmental

1,  Fund balance with Treasury (1010E)8,7007,30016,000

15. Total assets8,7007,30016,000

Net Position

30. Cumulative results of operations (3310E)8,7007,30016,000

31.  Total net position8,7007,30016,000

32. Total liabilities and net position8,7007,30016,000

**Form and Content Statement of Net Cost YEAR 2ReceiptExpenditureTotal**

Program Costs

2. Intragovernmental gross costs

5.   Less:  Ernd rev f/ public (5900E)6,00006,000

6.   Net costs with the public(6,000)0(6,000)

7.   Total net cost(6,000)06,000)

10.  Net Cost of Operations(6,000)0(6,000)

**Form and Content Statement of Changes in Net PositionReceipt YEAR 2**

**Receipt      Expenditure         Total**

**CumResUnexApCumResUnexApCumResUnexAp**

1.  Beginning Balances4,50005,500000

3. Beginning Balances, as adjusted4,50005,500010,0000

Budgetary Financing Sources:

 8.  Nonexchange revenue 

10. Transfers-in/out w/out reimburs

(5740E, 5745E) (1,800)       0   1,8000           0      0

16. Total Financing Sources (1,800)0   1,8000           0      0 

17. Net Cost of Operations            (6,000)0          00  (6,000)      0  

18. Ending Balances  8,7000   7,3000    16,000             0 

**Form and Content Statement of Financing YEAR 2ReceiptExpendTotal**

Resources used to Finance Activities:

Budgetary Resources Obligated

1.Obligations incurred000

3.Obligations net of offsetting collections & recoveries (1-2)000

4. Less: Offsetting receipts (5900E)  6,0000 6,000

5. Net Obligations(3-4)( 6,000)0(6,000)

11. Total resources used to finance activities (6,000)0(6,000)

18.Total resources used to finance the net

Cost of operations(11-17) (6,000)0(6,000)

30. Net Cost of Operations (18+29) (6,000)0(6,000)

Page 13 of 13Approved February 14, 2002 Board Meeting